Creative financing usually becomes popular when either 1) interest rates rise or 2) the credit market freezes.So seller financing became really popular in the 70s and early 80s because interest rates had skyrocketed.

Putting cash to work instead of sitting in a savings account.

The owner wants $1.4 million, I'm thinking closer to $900k, on account there is deferred maintenance and then having to get rid of all 3 tenants.   

One thing to note is by paying it down, it can hurt liquidity so if that is an issue, keeping it in a bank account would be a better bet, but if liquidity not an issue, then I agree 100%

Account ClosedThanks so much for sharing, lead source is so critical and it seems to be where the most pain is felt early on. 

Will reach out to my accountant. 

How does one fund properties with low credit scores🤔.

So for example, a primary mortgage, secondary mortgage, and home equity line of credit would all transfer to the buyer?

After I interview them it will be decided who will go to the next step which is  having them do thier  background and credit check. 

I'm a rookie investor from NYC who just signed up for Pro membership.I'm looking for someone who can be a study buddy and meet-up info in NYC.A little bit about me:- CPA (not specialized in tax ;p), no professional advice but can help with basic accounting and finance knowledge sharing.- Have been listening to Real Estate Rookie (almost a year) podcast and On the Market (a couple of weeks).- Finished reading "Real Estate Rookie" book by Ashley.- Looking for out-of-state investments, currently looking into Philly.If anything clicks you, feel free to contact me.Thank you!